BLG

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2.4¢ bluglass limited

Ann: BluGlass Business Update, page-18

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598 Posts.

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09/04/20

16:27

Post #: 43977521
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Originally posted by access: ↑

I believe that BLG and Aixtron both have so much riding on the successful commissioning of the G4 machine in the middle of this year that it will not fail.

I consider that BLG Directors and management also have this belief.

I intend to take up my rights on this basis.

What I have a problem with, that I don't think has been highlighted yet, is the way Directors want to be paid for their 'sacrifice' of taking shares in lieu of 50% wages.

No mention was made whether management and staff received their share allocation at the current market price during the year as time progresses. However Directors are asking sharehoders to approve for them to be paid shares at the rights issue price of .02 cents at any time for the rest of this financial year, and if requires this arrangement could be extended after this time.

The BLG share price is currently 2.7 cents. If the G4 machine is successfully commissioned in the next few months then I consider that the share price will more that double again at that time.

Yet the Directors are 'sacrificing' 50% of their wages to be received in shares at a price of .02 cents each in periods when they would normally be exempted from buying shares due to priviliged information.

Does anyone read this any differently?

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"Yet the Directors are 'sacrificing' 50% of their wages to be received in shares at a price of .02 cents each in periods when they would normally be exempted from buying shares due to privileged information"
Good point access, well picked up.

The directors are effectively buying shares in their own company via a salary sacrifice.
Not allowed as far as I know!

BLG Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.4¢		Change -0.001(4.00%)		Mkt cap ! $44.14M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.4¢	$9.6K	400K

Buyers (Bids)

No.	Vol.	Price($)
4	483800	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	789347	3

View Market Depth

No.	Vol.	Price($)
3	458800	0.024
11	1390118	0.023
13	894822	0.022
6	424476	0.021
12	504906	0.020

Price($)	Vol.	No.
0.025	789347	3
0.026	1265868	5
0.027	400000	1
0.028	320000	2
0.029	485344	4

Last trade - 11.46am 11/10/2024 (20 minute delay)

BLG (ASX) Chart

Ann: BluGlass Business Update, page-18

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Ann: BluGlass Business Update, page-18

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